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A homeowner can obtain a $250,000, 30-year fixed-rate mortgageat a rate of 6.0 percent with zero points or at a rate of 5.5percent with 2.25

A homeowner can obtain a $250,000, 30-year fixed-rate mortgageat a rate of 6.0 percent with zero points or at a rate of 5.5percent with 2.25 points. How long must the owner stay in the houseto make 2 answers

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